UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
--------------
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
CONCERTO SOFTWARE, INC.
--------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK, PAR VALUE $0.10 PER SHARE
--------------------------------------------------------------------------------
(Title of Class of Securities)
20602t106
--------------------------------------------------------------------------------
(CUSIP Number)
with a copy to:
Rodney Bienvenu Ernest Mysogland
ISIS Capital Management, LLC ISIS Capital Management, LLC
1465 Post Road East, 2d Floor 1465 Post Road East, 2d Floor
Westport, Connecticut 06880 Westport, Connecticut 06880
Tel. No.: (203) 259-7387 Tel. No.: (203) 259-7387
And
George Y. Liu
Boies, Schiller & Flexner LLP
333 Main St.
Armonk, New York 10504
Tel. No.: (914) 749 8200
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
DECEMBER 8, 2003
--------------------------------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
statement because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following
box: { }
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the act (however, see the
Notes).
SCHEDULE 13D
CUSIP No. 20602t106
-------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
ISIS Capital Management, LLC
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) {X}
(b) { }
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) { }
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF SHARES 8,250
BENEFICIALLY --------------------------------------------------------
OWNED BY EACH 8 SHARED VOTING POWER
REPORTING PERSON 0
WITH --------------------------------------------------------
9 SOLE DISPOSITIVE POWER
8,250
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
8,250
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES {x}
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.1%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 20602t106
-------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Rodney Bienvenu
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) {X}
(b) { }
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
NA
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) { }
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF SHARES 0
BENEFICIALLY --------------------------------------------------------
OWNED BY EACH 8 SHARED VOTING POWER
REPORTING PERSON 8,250
WITH --------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
8,250
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
8,250
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES {x}
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.1%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 20602t106
-------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Richard Rofe
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) {X}
(b) { }
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
NA
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) { }
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF SHARES 0
BENEFICIALLY --------------------------------------------------------
OWNED BY EACH 8 SHARED VOTING POWER
REPORTING PERSON 8,250
WITH --------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
8,250
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
8,250
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES {x}
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.1%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 20602t106
-------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Ernest Mysogland
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) {X}
(b) { }
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
NA
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) { }
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF SHARES 0
BENEFICIALLY --------------------------------------------------------
OWNED BY EACH 8 SHARED VOTING POWER
REPORTING PERSON 8,250
WITH --------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
8,250
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
8,250
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES {x}
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.1%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 20602t106
-------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Kevin Goodman
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) {X}
(b) { }
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
NA
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) { }
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF SHARES 0
BENEFICIALLY --------------------------------------------------------
OWNED BY EACH 8 SHARED VOTING POWER
REPORTING PERSON 8,250
WITH --------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
8,250
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,250
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES {x}
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.1%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 20602t106
-------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Ramius Securities, LLC
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) {X}
(b) { }
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) { }
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF SHARES 219,470
BENEFICIALLY --------------------------------------------------------
OWNED BY EACH 8 SHARED VOTING POWER
REPORTING PERSON 0
WITH --------------------------------------------------------
9 SOLE DISPOSITIVE POWER
219,470
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
219,470
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES {X}
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
BD, OO
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 20602t106
-------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Ramius Capital Group, LLC
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) {X}
(b) { }
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
NA
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) { }
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF SHARES 890,000
BENEFICIALLY --------------------------------------------------------
OWNED BY EACH 8 SHARED VOTING POWER
REPORTING PERSON 0
WITH --------------------------------------------------------
9 SOLE DISPOSITIVE POWER
890,000
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
890,000
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES {x}
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IA, OO
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 20602t106
-------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
C4S & Co., LLC
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) {X}
(b) { }
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
NA
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) { }
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF SHARES 890,000
BENEFICIALLY --------------------------------------------------------
OWNED BY EACH 8 SHARED VOTING POWER
REPORTING PERSON 0
WITH --------------------------------------------------------
9 SOLE DISPOSITIVE POWER
890,000
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
890,000
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES {x}
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 20602t106
-------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Ramius Advisors, LLC
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) {X}
(b) { }
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
NA
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) { }
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF SHARES 228,623
BENEFICIALLY --------------------------------------------------------
OWNED BY EACH 8 SHARED VOTING POWER
REPORTING PERSON 0
WITH --------------------------------------------------------
9 SOLE DISPOSITIVE POWER
228,623
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
228,623
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES {x}
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.1%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IA, OO
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 20602t106
-------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Peter A. Cohen
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) {X}
(b) { }
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
NA
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) { }
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF SHARES 0
BENEFICIALLY --------------------------------------------------------
OWNED BY EACH 8 SHARED VOTING POWER
REPORTING PERSON 890,000
WITH --------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
890,000
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
890,000
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES {x}
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 20602t106
-------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Morgan B. Stark
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) {X}
(b) { }
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
NA
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) { }
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF SHARES 0
BENEFICIALLY --------------------------------------------------------
OWNED BY EACH 8 SHARED VOTING POWER
REPORTING PERSON 890,000
WITH --------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
890,000
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
890,000
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES {x}
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 20602t106
-------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Thomas W. Strauss
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) {X}
(b) { }
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
NA
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) { }
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF SHARES 0
BENEFICIALLY --------------------------------------------------------
OWNED BY EACH 8 SHARED VOTING POWER
REPORTING PERSON 890,000
WITH --------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
890,000
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
890,000
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES {x}
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 20602t106
-------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Jeffrey Solomon
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) {X}
(b) { }
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
NA
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) { }
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF SHARES 0
BENEFICIALLY --------------------------------------------------------
OWNED BY EACH 8 SHARED VOTING POWER
REPORTING PERSON 890,000
WITH --------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
890,000
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
890,000
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES {x}
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 20602t106
-------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
RCG Ambrose Master Fund, Ltd.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) {X}
(b) { }
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) { }
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF SHARES 275,095
BENEFICIALLY --------------------------------------------------------
OWNED BY EACH 8 SHARED VOTING POWER
REPORTING PERSON 0
WITH --------------------------------------------------------
9 SOLE DISPOSITIVE POWER
275,095
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
275,095
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES {X}
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.5%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 20602t106
-------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
RCG Carpathia Master Fund, Ltd.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) {X}
(b) { }
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) { }
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF SHARES 166,812
BENEFICIALLY --------------------------------------------------------
OWNED BY EACH 8 SHARED VOTING POWER
REPORTING PERSON 0
WITH --------------------------------------------------------
9 SOLE DISPOSITIVE POWER
166,812
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
166,812
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES {x}
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.5%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
--------------------------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 20602t106
-------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Ramius Master Fund, Ltd.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) {X}
(b) { }
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) { }
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF SHARES 228,623
BENEFICIALLY --------------------------------------------------------
OWNED BY EACH 8 SHARED VOTING POWER
REPORTING PERSON 0
WITH --------------------------------------------------------
9 SOLE DISPOSITIVE POWER
228,623
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
228,623
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES {x}
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
--------------------------------------------------------------------------------
SCHEDULE 13D
ITEM 1. SECURITY AND ISSUER
This statement relates to the Common Stock, par value $0.10 per share (the
"Common Stock"), of Concerto Software, Inc., a Delaware corporation (the
"Issuer"), having its principal executive offices at 6 Technology Park Drive,
Westford, Massachusetts 01886.
ITEM 2. IDENTITY AND BACKGROUND
(a), (b), (c) & (f)
This statement is filed jointly by a group consisting of ISIS Capital
Management, LLC, a Delaware limited liability company ("ISIS"), Rodney Bienvenu,
Richard Rofe, Ernest Mysogland, Kevin Goodman, Ramius Securities, LLC, Ramius
Capital Group, LLC, C4S & Co. LLC, Ramius Advisors, LLC, Peter A. Cohen, Morgan
B. Stark, Thomas W. Strauss, Jeffrey Solomon, RCG Ambrose Master Fund, Ltd., RCG
Carpathia Master Fund, Ltd. and Ramius Master Fund, Ltd. (collectively, the
"ISIS Group" or the "Reporting Persons").
ISIS is a Delaware limited liability company which provides consulting services
and investment advisory services to a limited number of clients. The address of
the principal business and principal offices of ISIS is 1465 Post Road East,
Second Floor, Westport, CT 06880. Each of Rodney Bienvenu, Richard Rofe, Ernest
Mysogland, and Kevin Goodman is a managing member of ISIS.
Rodney Bienvenu is a United States citizen whose business address is 1465 Post
Road East, Second Floor, Westport, CT 06880. Mr. Bienvenu's principal occupation
is serving as a founding member of ISIS.
Richard Rofe is a United States citizen whose business address is 1465 Post Road
East, Second Floor, Westport, CT 06880. Mr. Rofe's principal occupation is
serving as a founding member of ISIS.
Ernest Mysogland is a United States citizen whose business address is 1465 Post
Road East, Second Floor, Westport, CT 06880. Mr. Mysogland's principal
occupation is serving as a founding member of ISIS.
Kevin Goodman is a United States citizen whose business address is 1465 Post
Road East, Second Floor, Westport, CT 06880. Mr. Goodman's serves as a founding
member of ISIS and is engaged in other business activities; his principal
occupation is as an attorney.
ISIS provides investment advisory services to Ramius Securities, LLC, Ramius
Capital Group, LLC, RCG Ambrose Master Fund, Ltd., RCG Carpathia Master Fund,
Ltd. and Ramius Master Fund, Ltd. pursuant to an advisory agreement discussed in
Item 6 of this Schedule 13D.
Ramius Securities, LLC is a Delaware limited liability company and a registered
broker-dealer. The address of the principal business and principal offices of
Ramius Securities, LLC is 666 Third Avenue, 26th Floor, New York, New York
10017. The Managing Member of Ramius Securities, LLC is Ramius Capital Group,
LLC.
Ramius Capital Group, LLC is a Delaware limited liability company and a
registered investment advisor. The address of the principal business and
principal offices of Ramius Capital Group, LLC is 666 Third Avenue, 26th Floor,
New York, New York 10017.
The managing member of Ramius Capital Group, LLC is C4S & Co., LLC, a Delaware
limited liability company formed to be the managing member of Ramius Capital
Group, LLC. The address of the principal business and principal offices of
C4S & Co., LLC is 666 Third Avenue, 26th Floor, New York, New York 10017. Each
of Peter A. Cohen, Morgan B. Stark, Thomas W. Strauss and Jeffrey Solomon is a
managing member of C4S & Co., LLC.
Peter A. Cohen is a United States citizen whose business address is 666 Third
Avenue, 26th Floor, New York, New York 10017. Mr. Cohen's principal occupation
is serving as a managing member of Ramius Capital Group, LLC.
Morgan B. Stark is a United States citizen whose business address is 666 Third
Avenue, 26th Floor, New York, New York 10017. Mr. Stark's principal occupation
is serving as a managing member of Ramius Capital Group, LLC.
Thomas W. Strauss is a United States citizen whose business address is 666 Third
Avenue, 26th Floor, New York, New York 10017. Mr. Strauss's principal occupation
is serving as a managing member of Ramius Capital Group, LLC.
Jeffrey Solomon is a United States citizen whose business address is 666 Third
Avenue, 26th Floor, New York, New York 10017. Mr. Solomon's principal occupation
is serving as a managing member of Ramius Capital Group, LLC.
RCG Ambrose Master Fund, Ltd. is a Cayman Islands corporation engaged in
investing in companies effecting extraordinary transactions. The address of the
principal business and principal offices of RCG Ambrose Master Fund, Ltd. is
Citco Fund Services (Cayman Islands) Ltd., Corporate Centre, West Bay Road, P.O.
Box 31106 SMB, Grand Cayman, Cayman Islands, British West Indies. The executive
officers and directors of RCG Ambrose Master Fund, Ltd. and their principal
occupations and business addresses are set forth on Schedule I attached to this
Schedule 13D. Ramius Capital Group, LLC is the investment manager of RCG Ambrose
Master Fund, Ltd. and has voting and dispositive power with respect to the
shares of Common Stock held by RCG Ambrose Master Fund, Ltd.
RCG Carpathia Master Fund, Ltd. is a Cayman Islands corporation engaged in
making opportunistic investments using a variety of investment strategies. The
address of the principal business and principal offices of RCG Carpathia Master
Fund, Ltd. is Citco Fund Services (Cayman Islands) Ltd., Corporate Centre, West
Bay Road, P.O. Box 31106 SMB, Grand Cayman, Cayman Islands, British West Indies.
The executive officers and directors of RCG Carpathia Master Fund, Ltd. and
their principal occupations and business addresses are set forth on Schedule II
attached to this Schedule 13D. Ramius Capital Group, LLC is the investment
manager of RCG Carpathia Master Fund, Ltd. and has voting and dispositive power
with respect to the shares of Common Stock held by RCG Carpathia Master Fund,
Ltd.
Ramius Master Fund, Ltd. is a Cayman Islands corporation engaged in investing in
a multi-strategy portfolio. The address of the principal business and principal
offices of Ramius Master Fund, Ltd. is Citco Fund Services (Cayman Islands)
Ltd., Corporate Centre, West Bay Road, P.O. Box 31106 SMB, Grand Cayman, Cayman
Islands, British West Indies. The executive officers and directors of Ramius
Master Fund, Ltd. and their principal occupations and business addresses are set
forth on Schedule III attached to this Schedule 13D.
Ramius Advisors, LLC is the investment manager of Ramius Master Fund, Ltd. and
has voting and dispositive power with respect to the shares of Common Stock held
by Ramius Master Fund, Ltd. Ramius Advisors, LLC is a Delaware limited liability
company and a registered investment advisor. The address of the principal
business and principal offices of Ramius Advisors, LLC is 666 Third Avenue, 26
th Floor, New York, New York 10017. The managing member of Ramius Advisors, LLC
is Ramius Capital Group, LLC.
(d) & (e)
During the last five years, none of the Reporting Persons nor, to the knowledge
of any Reporting Person, any general partner, managing member, director or
executive officer of any other Reporting Person, has been (i) convicted in a
criminal proceeding (excluding traffic violations or similar misdemeanors); or
(ii) a party to a civil proceeding of a judicial or administrative body
resulting in a judgment, decree or final order enjoining future violations of,
or prohibiting or mandating activities subject to, federal or state securities
laws, or finding any violations with respect to such laws.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The net investment cost (including commissions, if any) of the shares of Common
Stock directly owned by ISIS is approximately $100,000. The shares of Common
Stock purchased by ISIS were purchased with working capital. All or part of the
shares of Common Stock owned by ISIS may from time to time be pledged with one
or more banking institutions or brokerage firms as collateral for loans made by
such bank(s) or brokerage firm(s) to ISIS. Such loans bear interest at a rate
based upon the broker's call rate from time to time in effect. Such indebtedness
may be refinanced with other banks or broker-dealers.
The net investment cost (including commissions, if any) of the shares of Common
Stock directly owned by Ramius Securities, LLC is approximately $2,623,167. The
shares of Common Stock purchased by Ramius Securities, LLC were purchased with
working capital. All or part of the shares of Common Stock owned by Ramius
Securities, LLC may from time to time be pledged with one or more banking
institutions or brokerage firms as collateral for loans made by such bank(s) or
brokerage firm(s) to Ramius Securities, LLC. Such loans bear interest at a rate
based upon the broker's call rate from time to time in effect. Such indebtedness
may be refinanced with other banks or broker-dealers.
The net investment cost (including commissions, if any) of the shares of Common
Stock directly owned by RCG Ambrose Master Fund, Ltd. is approximately
$3,290,769. The shares of Common Stock purchased by RCG Ambrose Master Fund,
Ltd. were purchased with working capital. All or part of the shares of Common
Stock owned by RCG Ambrose Master Fund, Ltd. may from time to time be pledged
with one or more banking institutions or brokerage firms as collateral for loans
made by such bank(s) or brokerage firm(s) to RCG Ambrose Master Fund, Ltd. Such
loans bear interest at a rate based upon the broker's call rate from time to
time in effect. Such indebtedness may be refinanced with other banks or
broker-dealers.
The net investment cost (including commissions, if any) of the shares of Common
Stock directly owned by RCG Carpathia Master Fund, Ltd. is approximately
$1,996,590.05. The shares of Common Stock purchased by RCG Carpathia Master
Fund, Ltd. were purchased with working capital. All or part of the shares of
Common Stock owned by RCG Carpathia Master Fund, Ltd. may from time to time be
pledged with one or more banking institutions or brokerage firms as collateral
for loans made by such bank(s) or brokerage firm(s) to RCG Carpathia Master
Fund, Ltd. Such loans bear interest at a rate based upon the broker's call rate
from time to time in effect. Such indebtedness may be refinanced with other
banks or broker-dealers.
The net investment cost (including commissions, if any) of the shares of Common
Stock directly owned by Ramius Master Fund, Ltd. is approximately $2,739,621.59.
The shares of Common Stock purchased by Ramius Master Fund, Ltd. were purchased
with working capital. All or part of the shares of Common Stock owned by Ramius
Master Fund, Ltd. may from time to time be pledged with one or more banking
institutions or brokerage firms as collateral for loans made by such bank(s) or
brokerage firm(s) to Ramius Master Fund, Ltd. Such loans bear interest at a rate
based upon the broker's call rate from time to time in effect. Such indebtedness
may be refinanced with other banks or broker-dealers.
ITEM 4. PURPOSE OF TRANSACTION
The ISIS Group acquired the shares of Common Stock to which this Schedule 13D
relates for the purpose of obtaining a significant equity position in the
Issuer, and for the possible purpose of exerting influence over the direction of
the Issuer. The ISIS Group considered the Common Stock to be an attractive
investment at the price levels at which the shares of Common Stock were
acquired.
The primary interest of the ISIS Group is to maximize the value of the Common
Stock of the Issuer for the benefit of all shareholders. To this end, the ISIS
Group intends to continually review the Issuer's business affairs, financial
position and future prospects, as well as conditions in the securities markets
and general economic and industrial conditions. As part of such evaluations, the
members of the ISIS Group will continue to seek the views of, hold active
discussions with and respond to inquiries from members of the Board of
Directors, officers or representatives of the Issuer and other persons regarding
the Issuer's affairs and strategic alternatives. Based on such evaluation and
review and other factors (including, without limitation, the response, position
and direction of the Board of Directors and management of the Issuer), the
members of the ISIS Group will continue to consider various alternative courses
of action and will in the future take such actions with respect to their
investments in the Issuer as they deem appropriate in light of the
circumstances. Such actions may include seeking representation on the Board of
Directors of the Issuer; making recommendations to members of the Board of
Directors and management concerning various business strategies, acquisitions,
dispositions, dividend policies, capital structure, recapitalization, sale,
merger and other matters; seeking to acquire control of the Issuer through a
merger, proxy solicitation, tender offer, exchange offer or otherwise; or such
other actions as the ISIS Group may deem appropriate. Such actions may involve
the purchase of additional Common Stock or, alternatively, may involve the sale
of all or a portion of the Common Stock held by the members of the ISIS Group in
the open market or in privately negotiated transactions to one or more
purchasers.
Without limiting the foregoing, the ISIS Group intends to continue to engage the
Issuer in discussions concerning the proposed merger (the "Merger") of the
Issuer with an indirect wholly owned subsidiary of Melita International, Ltd.
("Melita"). The merger agreement (the "Merger Agreement") entered into between
the Issuer and Melita is disclosed as Exhibit 2.1 to the Report on Form 8-K
filed by the Issuer on October 8, 2003. The Merger is discussed in the Issuer's
Schedule 14A filed December 8, 2003. The Merger remains subject to shareholder
approval and other closing conditions as discussed in the Issuer's filings.
Pursuant to the Merger Agreement, upon consummation of the Merger, the
outstanding shares of Common Stock would convert into the right to receive, in
cash, $12.00 per share. The ISIS Group believes that the $12.00 per share price
set in the Merger Agreement is significantly below the price that could have
been obtained by the Issuer had the Issuer conducted a more competitive bidding
process. The ISIS Group intends to continue to urge the Issuer to pursue
alternative transactions or strategies which would maximize value to
shareholders of the Common Stock, whether through an increase in the per share
price to be received in the Merger, an alternative strategic transaction for a
higher per share price or otherwise. In a series of conversations in November,
2003, representatives of ISIS requested that the financial adviser engaged by
the Issuer, SG Cowen Securities Corporation, provide an explanation for the
price comparisons used to support its fairness opinion, and to provide an
explanation for the reasoning of the Issuer in deciding neither to auction the
company nor to engage certain potential strategic buyers in discussions
regarding the sale or merger of the Issuer. At or around the same time, ISIS
engaged management of the Issuer in similar discussions. ISIS suggested to
management that management should attempt to maximize the value for all
shareholders before the Issuer takes any further actions to approve or complete
the proposed Merger.
Given the market conditions as of this filing, the ISIS Group continues to
believe that the Issuer's Board of Directors and management should consider and
pursue alternative transactions and alternative acquirers for a sale or merger
of the Issuer in order to maximize the value for all shareholders. The ISIS
Group currently intends to continue to press this point with the Board of
Directors and management of the Issuer. ISIS is actively seeking alternative
strategic or financial acquirers willing to purchase the Issuer on terms
superior to those offered to shareholders under the proposed Merger. The members
of the ISIS Group may pursue any available actions designed to prevent the
completion of the Merger under the currently proposed terms, including voting
against the Merger and seeking appraisal for such shares under Delaware General
Corporation Law. In addition, the ISIS Group may seek to raise funding to offer
its own bid, or actively foster and participate in an alternative bid, for the
Issuer.
Except as set forth herein, the ISIS Group does not have any present plans or
proposals that relate to or would result in any of the actions specified in
paragraphs (a) through (j) of Item 4 of this Schedule 13D. The members of the
ISIS Group reserve the right to formulate plans or make proposals, and take such
actions with respect to their investments in the Issuer, including any or all of
the actions specified in paragraphs (a) through (j) of Item 4 of this Schedule
13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) and (b)
As of the date hereof, the ISIS Group beneficially owns an aggregate of 898,250
shares of Common Stock, representing 8.04% of the outstanding shares of Common
Stock.
ISIS beneficially owns, as of the date hereof, 8,250 shares of Common Stock,
representing .07% of the outstanding shares of Common Stock. ISIS has the sole
power to vote and dispose of the Common Stock beneficially owned by it. By
virtue of the relationships described under Item 2 of this Schedule 13D, Messrs.
Bienvenu, Rofe, Mysogland, and Goodman may be deemed to have indirect beneficial
ownership of the 8,250 shares of Common Stock held by ISIS. Messrs. Bienvenu,
Rofe, Mysogland, and Goodman share voting and disposition power over the shares
of Common Stock held by ISIS.
In addition, by virtue of being a member of ISIS Group, ISIS may be deemed to
have indirect beneficial ownership of the aggregate 890,000 shares of Common
Stock owned by Ramius Securities, LLC, RCG Ambrose Master Fund, Ltd., RCG
Carpathia Master Fund, Ltd. and Ramius Master Fund, Ltd. By virtue of being
members of ISIS Group, Messrs. Bienvenu, Rofe, Mysogland, and Goodman may be
deemed to have indirect beneficial ownership of the aggregate 890,000 shares of
Common Stock owned by Ramius Securities, LLC, RCG Ambrose Master Fund, Ltd., RCG
Carpathia Master Fund, Ltd. and Ramius Master Fund, Ltd.
As of the date hereof, Ramius Securities, LLC beneficially owns an aggregate of
219,470 shares of Common Stock, representing 1.96% of the outstanding shares of
Common Stock. Ramius Securities, LLC has sole voting and disposition power over
the shares of Common Stock beneficially owned by it.
As of the date hereof, RCG Ambrose Master Fund, Ltd. beneficially owns an
aggregate of 275,095 shares of Common Stock, representing 2.46% of the
outstanding shares of Common Stock. RCG Ambrose Master Fund, Ltd. has sole
voting and disposition power over the shares of Common Stock beneficially owned
by it. By virtue of the relationships described under Item 2 of this Schedule
13D, Ramius Capital Group, LLC may be deemed to have beneficial ownership of the
275,095 shares of Common Stock held by RCG Ambrose Master Fund, Ltd. Ramius
Capital Group, LLC has sole voting and disposition power over the shares of
Common Stock beneficially owned by it.
As of the date hereof, RCG Carpathia Master Fund, Ltd. beneficially owns an
aggregate of 166,812 shares of Common Stock, representing 1.49% of the
outstanding shares of Common Stock. RCG Carpathia Master Fund, Ltd. has sole
voting and disposition power over the shares of Common Stock beneficially owned
by it. By virtue of the relationships described under Item 2 of this Schedule
13D, Ramius Capital Group, LLC may be deemed to have beneficial ownership of the
166,812 shares of Common Stock held by RCG Carpathia Master Fund, Ltd. Ramius
Capital Group, LLC has sole voting and disposition power over the shares of
Common Stock beneficially owned by it.
As of the date hereof, Ramius Master Fund, Ltd. beneficially owns an aggregate
of 228,623 shares of Common Stock, representing 2.05% of the outstanding shares
of Common Stock. Ramius Master Fund, Ltd. has sole voting and disposition power
over the shares of Common Stock beneficially owned by it. By virtue of the
relationships described under Item 2 of this Schedule 13D, Ramius Advisors, LLC
may be deemed to have beneficial ownership of the 228,623 shares of Common Stock
held by Ramius Master Fund, Ltd. Ramius Advisors, LLC has sole voting and
dispositive power over the shares of Common Stock beneficially owned by it.
By virtue of the relationships described under Item 2 of this Schedule 13D,
Ramius Capital Group, LLC and C4S & Co., LLC may both be deemed to have indirect
beneficial ownership of the 890,000 shares of Common Stock owned by Ramius
Securities, LLC, RCG Ambrose Master Fund, Ltd., RCG Carpathia Master Fund, Ltd.
and Ramius Master Fund, Ltd. Ramius Capital Group, LLC and C4S & Co., LLC each
have sole voting and dispositive power over the shares of Common Stock
beneficially owned by it. In addition, by virtue of the relationships described
under Item 2 of this Schedule 13D, each of Peter A. Cohen, Morgan B. Stark,
Thomas W. Strauss and Jeffrey Solomon may be deemed to have indirect beneficial
ownership of the 890,000 shares of Common Stock owned by Ramius Securities, LLC,
RCG Ambrose Master Fund, Ltd., RCG Carpathia Master Fund, Ltd. and Ramius Master
Fund, Ltd. Messrs. Cohen, Stark, Strauss and Solomon share voting and
dispositive power over the 890,000 shares of Common Stock owned by Ramius
Securities, LLC, RCG Ambrose Master Fund, Ltd., RCG Carpathia Master Fund, Ltd.
and Ramius Master Fund, Ltd.
To the best knowledge of the Reporting Persons, none of the persons or entities
listed in Item 2 beneficially owns any other shares of the Issuer. Each of the
Reporting Persons disclaims beneficial ownership of shares soley as a result of
Rule13d-5 (b) (1) under the Securities Exchange Act of 1934, as amended.
(c) The trading dates, number of shares of Common Stock purchased or sold and
the price per share for all transactions by ISIS, Ramius Securities, LLC, RCG
Ambrose Master Fund, Ltd., RCG Carpathia Master Fund, Ltd. and Ramius Master
Fund, Ltd., in the Common Stock within the last sixty days, which were all in
the open market, are set forth in Schedule IV and are incorporated by reference.
(d) Not applicable.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER
ISIS, Ramius Securities, LLC, Ramius Capital Group, LLC, RCG Ambrose Master
Fund, Ltd., RCG Carpathia Master Fund, Ltd. and Ramius Master Fund, Ltd. have
entered into an advisory agreement (the "Advisory Agreement"), pursuant to
which ISIS provides advice and services with respect to the parties' investments
in the Common Stock of the Issuer, among other matters. Under such agreement,
the parties agree to coordinate the acquisition and disposition of Common Stock
of the Issuer with ISIS and to cooperate with ISIS with respect to proxy votes,
and related matters (however, each of the parties to the agreement retains the
sole discretion over acquisitions and dispositions of, and voting authority
over, the shares of Common Stock that it holds). For such services, ISIS
receives a fixed initial fee and an amount equal to a percentage of the profits
(net of commissions and other direct expenses) realized by such parties on their
investment in the Issuer (in excess of the $12.00 per share price offered in the
Merger). The profit share is (a) fifteen percent of any such profit earned by
Ramius Securities, LLC with respect to the shares of Common Stock owned by
Ramius Securities, LLC and (b) four percent of any such profit earned by RCG
Ambrose Master Fund, Ltd., RCG Carpathia Master Fund, Ltd. and Ramius Master
Fund, Ltd. with respect to the shares of Common Stock owned by such funds.
Under the Advisory Agreement, Ramius Securities, LLC, RCG Ambrose Master Fund,
Ltd., RCG Carpathia Master Fund, Ltd. and Ramius Master Fund, Ltd. have also
agreed to reimburse ISIS for expenses reasonably incurred in performing services
under the agreement, and to bear their pro rata portion of any expenses incurred
by the ISIS Group in accordance with the number of shares of Common Stock owned
by each party.
Other than such Advisory Agreement, a copy of which is attached as Exhibit A
hereto and incorporated herein by reference, and the Joint Acquisition Statement
attached as Exhibit B hereto, none of the Reporting Persons nor any general
partners, managing members, directors or executive officers of the Reporting
Persons has any contracts, arrangements, understandings or relationships (legal
or otherwise) with any person with respect to the Common Stock, including
transfer or voting thereof, finder's fees, joint ventures, loan or option
arrangements, puts or calls, guarantees of profits, division of profits or loss,
or the giving or withholding of proxies.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
There is filed herewith as Exhibit A a copy of the Advisory Agreement.
There is filed herewith as Exhibit B a written agreement relating to the filing
of joint acquisition statements as required by Rule 13d-1(k)(1) under the
Securities Exchange Act of 1934, as amended.
There is filed herewith as Exhibit C a Power of Attorney executed by Rodney
Bienvenu, Richard Rofe, Ernest Mysogland, and Kevin Goodman, authorizing Rodney
Bienvenu, Richard Rofe, Ernest Mysogland, and Kevin Goodman, or any of them, to
sign and file Schedule 13Ds and related documents on behalf of each person who
has executed the Power of Attorney.
There is filed herewith as Exhibit D a Power of Attorney executed by Peter A.
Cohen, Morgan B. Stark, Thomas W. Strauss and Jeffrey Solomon, authorizing Peter
A. Cohen, Morgan B. Stark, Thomas W. Strauss, and Jeffrey Solomon, or any of
them, to sign and file Schedule 13Ds and related documents on behalf of each
person who has executed the Power of Attorney.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
Dated: December 15, 2003
ISIS CAPITAL MANAGEMENT, LLC
By: /s/ Rodney Bienvenu
--------------------------
Name: Rodney Bienvenu
Title: Managing Member
/s/ Rodney Bienvenu
---------------------
Rodney Bienvenu, Individually and as
attorney-in-fact for each of Richard Rofe,
Ernest Mysogland and Kevin Goodman
RAMIUS SECURITIES, LLC
By: Ramius Capital Group, LLC
Its: Managing Member
By: C4S & Co., LLC
Its: Managing Member
By: /s/ Morgan B. Stark
--------------------------
Name: Morgan B. Stark
Title: Managing Member
RAMIUS CAPITAL GROUP, LLC
By: C4S & Co., LLC
Its: Managing Member
By: /s/ Morgan B. Stark
--------------------------
Name: Morgan B. Stark
Title: Managing Member
C4S & Co., LLC
By: /s/ Morgan B. Stark
-------------------------------
Name: Morgan B. Stark
Title: Managing Member
RCG AMBROSE MASTER FUND, LTD.
By: /s/ Morgan B. Stark
-------------------------------
Name: Morgan B. Stark
Title: Authorized Person
RCG CARPATHIA MASTER FUND, LTD.
By: /s/ Morgan B. Stark
-------------------------------
Name: Morgan B. Stark
Title: Authorized Person
RAMIUS MASTER FUND, LTD.
By: /s/ Morgan B. Stark
-------------------------------
Name: Morgan B. Stark
Title: Authorized Person
/s/ Morgan B. Stark
-------------------------------
Morgan B. Stark, Individually and as
attorney-in-fact for each of Peter A. Cohen,
Thomas W. Strauss and Jeffrey Solomon
RAMIUS ADVISORS, LLC
By: Ramius Capital Group, LLC
Its: Managing Member
By: C4S & Co., LLC
Its: Managing Member
By: /s/ Morgan B. Stark
--------------------------
Name: Morgan B. Stark
Title: Managing Member
Schedule I
Directors and Officers of RCG Ambrose Master Fund, Ltd.
Name and Position Principal Occupation Principal Business Address
--------------------- ------------------------- ----------------------------
Mark R. Mitchell, Managing Director 666 Third Avenue, 26th Floor
Director Ramius Capital Group, LLC New York, NY 10017
Jeffrey C. Smith, Director 666 Third Avenue, 26th Floor
Director Ramius Capital Group, LLC New York, NY 10017
CSS Corporation, Ltd., Nominee Company 666 Third Avenue, 26th Floor
Secretary New York, NY 10017
Schedule II
Directors and Officers of RCG Carpathia Master Fund, Ltd.
Name and Position Principal Occupation Principal Business Address
--------------------- ------------------------- ----------------------------
Jeffrey M. Solomon, Principal 666 Third Avenue, 26th Floor
Director Ramius Capital Group, LLC New York, NY 10017
CFS Company, Ltd., Nominee Company 666 Third Avenue, 26th Floor
Director New York, NY 10017
CSS Corporation, Ltd., Nominee Company 666 Third Avenue, 26th Floor
Secretary New York, NY 10017
Schedule III
Directors and Officers of Ramius Master Fund, Ltd.
Name and Position Principal Occupation Principal Business Address
--------------------- ------------------------- ----------------------------
Marran H. Ogilvie, General Counsel 666 Third Avenue, 26th Floor
Director Ramius Capital Group, LLC New York, NY 10017
Morgan B. Stark, Principal 666 Third Avenue, 26th Floor
Director Ramius Capital Group, LLC New York, NY 10017
CSS Corporation, Ltd., Nominee Company 666 Third Avenue, 26th Floor
Secretary New York, NY 10017
Schedule IV
ISIS Capital Management, LLC
Price Per Share
Number of Shares (including
Date of Transactions Purchased/(Sold) commissions, if any)
12/11/03 500 $11.98
12/11/03 500 $11.98
12/11/03 13 $12.00
12/11/03 100 $11.97
12/11/03 100 $11.98
12/11/03 70 $11.95
12/11/03 326 $11.98
12/11/03 100 $11.93
12/11/03 400 $11.99
12/11/03 500 $11.97
12/11/03 674 $11.94
12/11/03 1,000 $11.98
12/11/03 1,000 $11.98
12/11/03 1,000 $11.99
12/10/03 1,967 $11.93
Ramius Securities, LLC
Price Per Share
Date of Number of Shares (including commissions,
Transactions Purchased/(Sold) if any)
10/9/03 20,000 $11.93
10/13/03 5,000 $11.91
10/14/03 5,000 $11.91
10/28/03 5,051 $11.87
10/29/03 3,485 $11.87
10/30/03 2,118 $11.90
10/30/03 1,695 $11.90
10/30/03 19,865 $11.90
10/31/03 41,273 $11.91
10/31/03 38,536 $11.91
10/31/03 (38,536) $11.91
11/3/03 2,148 $11.93
11/3/03 22,695 $11.98
11/3/03 22,439 $11.95
11/4/03 3,209 $11.96
11/5/03 973 $11.94
11/6/03 1,513 $11.97
11/6/03 2,239 $11.95
11/7/03 11,297 $12.00
12/8/03 7,275 $12.03
12/8/03 5,875 $12.00
12/9/03 4,240 $12.00
12/9/03 2,925 $12.02
12/10/03 10,185 $12.03
12/10/03 2,910 $12.02
12/10/03 2,531 $12.00
12/11/03 2,706 $12.03
12/11/03 1,366 $12.02
12/12/03 2,735 $12.03
12/12/03 6,722 $12.03
RCG Ambrose Master Fund, Ltd.
Price Per Share
Date of Number of Shares (including commissions,
Transactions Purchased/(Sold) if any)
10/9/03 40,000 $11.93
10/13/03 10,000 $11.91
10/14/03 10,000 $11.91
10/28/03 10,103 $11.87
10/29/03 6,970 $11.87
10/30/03 1,498 $11.90
10/30/03 1,197 $11.90
10/30/03 14,050 $11.90
10/31/03 29,188 $11.91
11/3/03 1,519 $11.93
11/3/03 16,050 $11.98
11/3/03 15,869 $11.95
11/4/03 2,269 $11.96
11/5/03 688 $11.94
11/6/03 1,070 $11.97
11/6/03 1,583 $11.95
11/7/03 7,946 $12.00
12/8/03 15,455 $12.03
12/8/03 12,482 $12.00
12/9/03 9,007 $12.00
12/9/03 6,213 $12.02
12/10/03 21,637 $12.03
12/10/03 6,182 $12.02
12/10/03 5,377 $12.00
12/11/03 5,749 $12.03
12/11/03 2,901 $12.02
12/12/03 5,811 $12.03
12/12/03 14,281 $12.03
RCG Carpathia Master Fund, Ltd.
Price Per Share
Date of Number of Shares (including commissions,
Transactions Purchased/(Sold) if any)
10/30/03 1,692 $11.90
10/30/03 1,354 $11.90
10/30/03 15,867 $11.90
10/31/03 32,966 $11.91
11/3/03 1,716 $11.93
11/3/03 18,128 $11.98
11/3/03 17,923 $11.95
11/4/03 2,563 $11.96
11/5/03 778 $11.94
11/6/03 1,208 $11.97
11/6/03 1,788 $11.95
11/7/03 9,017 $12.00
12/8/03 9,090 $12.03
12/8/03 7,341 $12.00
12/9/03 3,654 $12.02
12/9/03 5,297 $12.00
12/10/03 12,726 $12.03
12/10/03 3,636 $12.02
12/10/03 3,162 $12.00
12/11/03 3,382 $12.03
12/11/03 1,707 $12.02
12/12/03 3,418 $12.03
12/12/03 8,399 $12.03
Ramius Master Fund, Ltd.
Price Per Share
Date of Number of Shares (including commissions,
Transactions Purchased/(Sold) if any)
10/30/03 1,692 $11.90
10/30/03 1,354 $11.90
10/30/03 15,867 $11.90
10/31/03 32,966 $11.91
11/3/03 1,717 $11.93
11/3/03 18,127 $11.98
11/3/03 17,923 $11.95
11/4/03 2,563 $11.96
11/5/03 778 $11.94
11/6/03 1,209 $11.97
11/6/03 1,788 $11.95
11/7/03 9,016 $12.00
12/8/03 18,180 $12.03
12/8/03 14,682 $12.00
12/9/03 7,308 $12.02
12/9/03 10,595 $12.00
12/10/03 25,452 $12.03
12/10/03 7,272 $12.02
12/10/03 6,324 $12.00
12/11/03 6,763 $12.03
12/11/03 3,413 $12.02
12/12/03 6,836 $12.03
12/12/03 16,798 $12.03